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Trading Above 1.1199 *RES 4:......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Trading Above 1.1199
*RES 4: 1.1286 High Jul 11
*RES 3: 1.1250 High Aug 6
*RES 2: 1.1227 1.0% 10-dma envelope
*RES 1: 1.1221 Intraday high
*PRICE: 1.1210 @ 17:46 GMT Dec 30
*SUP 1: 1.1171 Intraday low
*SUP 2: 1.1096 Low Dec 27
*SUP 3: 1.1066/61 Low Dec 20 / 100-dma
*SUP 4: 1.1040 Low Dec 6
EURUSD has maintained a firmer tone today having earlier in the day traded
through the key resistance of 1.1199, the Dec 13 high. A key short-term support
has now been defined at 1.1066, Dec 12 low and the uptrend that started on Oct 2
has once again resumed. With further gains likely, attention turns to 1.1250
next, the Aug 6 high and 1.1286, Jul 11 high. A break below 1.1066 is needed to
reinstate a bearish threat.

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